This bill mandates the imposition of sanctions on foreign persons involved in the purchase, importation, or facilitation of trade in crude oil or petroleum products of Russian Federation origin. Effective 90 days after enactment, these sanctions empower the President to block and prohibit transactions in property and interests of sanctioned individuals or entities within U.S. jurisdiction. The legislation aims to restrict Russia's revenue from oil exports by targeting those who directly or indirectly support its petroleum trade. The bill provides several permissible exceptions, allowing the President to apply up to two types. One exception applies if a country commits to significantly reducing Russian oil purchases and directs funds for such oil into a local account, strictly for transactions involving agricultural commodities, food, medicine, or medical devices . Another key exception allows for payments per barrel to be deposited into a U.S.-established account for Ukraine's benefit, with funds designated for specific reconstruction efforts and the purchase of defense articles. However, any applied exception is nullified if the activity involves the maritime transport of Russian crude oil or petroleum products purchased above the international price cap determined by the Secretary of the Treasury. This critical provision applies to various service providers, including those involved in transporting, financing, or insuring, regardless of their origin. All provisions and imposed sanctions under this act are set to terminate five years after its enactment.